~ Dennis' latest work assembled here

Tag Archives: instalment

The Government has created an innovative solution, which it calls the Right to Lifetime Housing, which allows families to live in a property all their lives, without actually buying it. The plan begins with the payment of a deposit (a kind of down payment), which is held by the owner. In this scheme, the resident (who cannot be called a “tenant”) pays a monthly instalment (which cannot be referred to as “rent”). The owner receives the monthly income and “consumes” a portion of the initial deposit. In this model, without formally selling the property, the property rights remain limited, since only the resident can suspend the contract and vacate the dwelling.

There are currently 1.6 million homeowners who pay their municipal property tax (IMI) in two or three instalments, waiting until the months of July and November to settle their accounts with the tax authority. As of 2018, they will be able to make full payment before the due date if it proves more convenient. This option is just one of many new measures of “Simplex + 2017″.